Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim

Nothing dubious about Bank Islam loan, out-of-court settlement

Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim today said there was nothing dubious about the out-of-court settlement with regard to the loan of more than RM60 million he took from Bank Islam. He said he had taken court action against the irresponsible people who had slandered him. Khalid made the statement when speaking at the monthly gathering of Selangor government departments. The Port Klang state representative reminded those who were not satisfied with him to lodge reports with Bank Negara for an audit to be carried out and not to act as they pleased. He said he had decided to remain silent as he had to protect the bank’s secrecy practice.

Khalid must explain Bank Islam settlement, says Shah Alam MP

There are several issues which appear to indicate that Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim's integrity has been compromised. Shah Alam MP Khalid Samad said he hoped Abdul Khalid will clear the air over several issues, including his out-of-court settlement with Bank Islam over his RM66.67 million debt. Another issue Abdul Khalid is expected to clarify is his claim that he will be suing Permodalan Nasional Berhad (PNB) and will win RM300 million. Khalid also expressed doubts over the awarding of a RM591 million contract to Eco World to build 2,400 affordable houses in Sungai Sering, Ukay Perdana. PKR has been pressuring Abdul Khalid to step down from his position with party president Datuk Seri Dr Wan Azizah Wan Ismail chosen to replace him.

Khalid Ibrahim VS Bank Islam: March 18 Fixed For Case Management

he High Court fixed case management on March 18 to allow possible settlement between Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim and Bank Islam Malaysia over two suits linked to a RM66.67 million loan to purchase Guthrie shares 13 years ago. According to Khalid's counsel S. Selvarajah, his client and Bank Islam are seeking to reach a global settlement over the matter. In 2007, Khalid had filed a suit against the bank to seek a declaration that the Al-Bai Bithaman Ajil(BBA) facility entered between them in 2001 was null and void. Khalid also sought a declaration that Bank Islam had breached the collateral contract and the BBA facility. Bank Islam then countersued Khalid, claiming that Khalid had breached its contract in the loan agreement over his purchase of the Guthrie shares.

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